Morgan Stanley (NYSE:MS) analyst Joseph Moore maintained a Buy rating on Inphi (NYSE:IPHI) Corp on Tuesday, setting a price target of $126, which is approximately 8.83% above the present share price of $115.78.
Moore expects Inphi Corp to post earnings per share (EPS) of -$0.44 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Inphi, with an average price target of $117.32.
The analysts price targets range from a high of $135 to a low of $90.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $139.43 million and a net profit of -$16.3 million. The company's market cap is $5.58 billion.
According to TipRanks.com, Morgan Stanley analyst Joseph Moore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 53.89% success rate.
Inphi Corp. engages in the provision of analog and mixed signal semiconductor solutions for the communications and computing markets. The Analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption. The Semiconductor solutions comprises of solutions that address bandwidth bottlenecks in networks; maximize throughput and minimize latency in computing environments; and enable the rollout of next generation communications, datacenter, and computing infrastructures. The company was founded by Loi Nguyen, Gopal Raghavan, Timothy D. Semones, and Ashok Dhawan in November 2000 and is headquartered in Santa Clara, CA.